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Sunday, July 1, 2012

Stocks with Upward Wedge Patterns: (SYA), (BRK-A), (MCK), (AVB), (LBY)

Upward wedge patterns have been noticed on July 1 for the stocks Symetra Financial Corporation, Berkshire Hathaway Inc, McKesson Corporation, Avalonbay Communities Inc, and Libbey Inc. The price range of these stocks is getting more narrow as the upward trend continues, thus signally the trend is losing steam. This sends a bearish signal to investors as the upward trend is ending.

Shares of Symetra Financial Corporation (SYA) traded higher by 2.60% or $0.32/share to $12.62. In the past year, the shares have traded as low as $7.41 and as high as $13.34. On average, 408280 shares of SYA exchange hands on a given day and today's volume is recorded at 467572.

Shares of Berkshire Hathaway Inc (BRK-A) traded higher by 1.22% or $1505.96/share to $124945.0. In the past year, the shares have traded as low as $98950.66 and as high as $124558.87. On average, 55380 shares of BRK-A exchange hands on a given day and today's volume is recorded at 676.

Shares of McKesson Corporation (MCK) traded higher by 0.51% or $0.48/share to $93.75. In the past year, the shares have traded as low as $66.12 and as high as $93.46. On average, 1882010 shares of MCK exchange hands on a given day and today's volume is recorded at 1865577.

Shares of Avalonbay Communities Inc (AVB) traded higher by 2.51% or $3.46/share to $141.48. In the past year, the shares have traded as low as $105.32 and as high as $148.33. On average, 647550 shares of AVB exchange hands on a given day and today's volume is recorded at 647044.

Shares of Libbey Inc (LBY) traded higher by 2.54% or $0.38/share to $15.37. In the past year, the shares have traded as low as $9.45 and as high as $16.82. On average, 72950 shares of LBY exchange hands on a given day and today's volume is recorded at 101212.